Towerpoint Wealth LLC Sells 942 Shares of The Procter & Gamble Company (NYSE:PG)

Towerpoint Wealth LLC cut its position in shares of The Procter & Gamble Company (NYSE:PG) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,807 shares of the company’s stock after selling 942 shares during the period. Procter & Gamble accounts for 0.6% of Towerpoint Wealth LLC’s portfolio, making the stock its 29th largest holding. Towerpoint Wealth LLC’s holdings in Procter & Gamble were worth $1,309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sanders Morris Harris LLC increased its holdings in shares of Procter & Gamble by 8.5% during the 4th quarter. Sanders Morris Harris LLC now owns 10,335 shares of the company’s stock worth $1,739,000 after acquiring an additional 809 shares during the last quarter. Guardian Financial Partners LLC increased its holdings in shares of Procter & Gamble by 6.5% in the fourth quarter. Guardian Financial Partners LLC now owns 3,239 shares of the company’s stock valued at $543,000 after purchasing an additional 197 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Procter & Gamble by 11.6% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 36,231 shares of the company’s stock valued at $6,074,000 after purchasing an additional 3,774 shares during the period. Foresight Capital Management Advisors Inc. lifted its stake in shares of Procter & Gamble by 20.5% during the 4th quarter. Foresight Capital Management Advisors Inc. now owns 2,642 shares of the company’s stock worth $443,000 after buying an additional 449 shares during the last quarter. Finally, Northside Capital Management LLC boosted its holdings in shares of Procter & Gamble by 4.3% during the 4th quarter. Northside Capital Management LLC now owns 12,767 shares of the company’s stock worth $2,140,000 after buying an additional 525 shares during the period. 65.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PG shares. DA Davidson restated a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Friday, December 27th. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Barclays lowered their price objective on Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Friday. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Monday, October 21st. Finally, UBS Group lowered their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $179.65.

Insider Transactions at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total value of $338,640.00. Following the transaction, the chief executive officer now owns 13,783 shares of the company’s stock, valued at $2,343,110. This trade represents a 12.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,439 shares of company stock worth $13,317,460. Insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

PG stock opened at $161.35 on Friday. The Procter & Gamble Company has a 1 year low of $146.28 and a 1 year high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The stock has a market cap of $379.98 billion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 3.41 and a beta of 0.45. The company has a 50 day simple moving average of $169.32 and a 200 day simple moving average of $169.39.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. Procter & Gamble’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.83 EPS. Research analysts anticipate that The Procter & Gamble Company will post 6.93 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s payout ratio is 69.48%.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.